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Registration number: 06700281

Rickards Education Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Rickards Education Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Rickards Education Limited

(Registration number: 06700281)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

420

677

Current assets

 

Debtors

5

2,846

731

Cash at bank and in hand

 

88,459

101,135

 

91,305

101,866

Creditors: Amounts falling due within one year

6

(50,736)

(55,949)

Net current assets

 

40,569

45,917

Total assets less current liabilities

 

40,989

46,594

Provisions for liabilities

(80)

-

Net assets

 

40,909

46,594

Capital and reserves

 

Called up share capital

1

1

Retained earnings

40,908

46,593

Shareholders' funds

 

40,909

46,594

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 February 2024
 

.........................................
Mrs A E Dickinson
Director

 

Rickards Education Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales..

The address of its registered office is:
7a King Street
Frome
Somerset
BA11 1BH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities, and is shown net of value added tax and discounts.

Tax

The tax expense for the year comprises current tax, which is recognised in profit or loss.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% per annum on cost

 

Rickards Education Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business, and are recognised initially at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers, and are recognised initially at the transaction price.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 September 2022

6,861

6,861

At 31 August 2023

6,861

6,861

Depreciation

At 1 September 2022

6,184

6,184

Charge for the year

257

257

At 31 August 2023

6,441

6,441

Net book value

At 31 August 2023

420

420

At 31 August 2022

677

677

5

Debtors

2023
£

2022
£

Trade debtors

2,466

269

Other debtors

380

462

2,846

731

 

Rickards Education Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

6

Creditors

Amounts falling due within one year

2023
£

2022
£

Trade creditors

-

93

Taxation and social security

-

519

Accruals and deferred income

2,756

-

Other creditors

42,902

55,337

Corporation tax

5,078

-

50,736

55,949